ORYN, Oryon Technologies New Penny Stock to Watch
ORYN stock has been burning up the charts since trading commenced last Friday. The Company just acquired a shell and has managed to attract quite the following among penny stock traders in a short time. Oryon is a innovative developer and manufacturer of next-generation electroluminescent (”EL”) lighting technology. Oryon’s patented technology is trademarked as ELastoLite®; a thin, flexible, crushable, water resistant lighting system able to be incorporated into new and far-reaching product applications across multiple markets. This technology is being hailed as a game-changing technology that will open up new markets and enable the evolution of new products which would otherwise be unavailable.
ORYN’s past revenues were successfully generated through the following:
· Market tests with Lands End and Marmot Mountain
· Running jacket with leading Fortune 500 sports apparel brand
· Royalties generated by the backlighting of the keypad of the Motorola RAZR cell phone
· Revenue generated by lighting the costumes for the movie “Tron Legacy” by Disney
Recent Financial Statement Highlights
The securities were issued in connection with the merger of the issuer and OryonTechnologies, LLC as reported in the issuer’s Form 8-K filed on May 7, 2012. The reporting person has no current or anticipated plans or proposals which relate to or would result in:
(a) The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy of the issuer;
(f) Any other material change in the issuer’s business or corporate structure, including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;
(g) Changes in the issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;
(h) Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
Source: ORYN SC 13D Filing 5-7–2012
Stock Chart and Trading Highlights
Bottom Line: As you can see by the Chart this is as “fresh” as it gets. ORYN is worth adding to the watch list to see how things shake out in the next few weeks, who knows… could be another SEFE.